New Report: Utility Data Analytics Market to Hit $3.8 Billion Annually by 2020
BROOKLYN, NY, Dec. 13, 2012 (GLOBE NEWSWIRE) -- GTM Research forecasts cumulative global spending on power utility data analytics to top $20 billion over the next nine years, with an annual spend of $3.8 billion globally by 2020. GTM's latest report, The Soft Grid 2013-2020: Big Data & Utility Analytics for Smart Grid, forecasts grid operations analytics will see the most signiﬁcant investment, with consumer analytics as the second largest area. The report forecasts U.S. utilities alone will spend nearly $100 per home in grid operations and consumer-related analytics over the next nine years.
CONTACT: Nicholas Rinaldi